Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell for the third day in a row on Thursday, with traders saying they expected the recent surge of Chinese demand for pork to fade as the world’s top consumer rebuilds its decimated hog herd. “I increasingly see more attention paid to deteriorating long-term export […] Read more
Tag Archives live cattle
U.S. livestock: Hog futures fall for third day in a row
USDA report expected to show more cattle on feed
U.S. livestock: Hogs fall on profit-taking, cattle firm on bargain buying
Concerns for beef demand still drag on cattle futures
Chicago | Reuters — CME livestock futures were mixed on Tuesday, with hog contracts falling on a round of profit taking while cattle contracts firmed on bargain buying. The benchmark December lean hog contract faced pressure after hitting its highest since Sept. 13, 2019, while February live cattle, which had fallen for four days in […] Read more
U.S. livestock: Hog futures mixed, cattle drop
Technical selling pulls cattle futures lower
Chicago | Reuters — U.S. hog futures were mixed on Monday, with the nearby contract rising on strong export demand while deferreds eased on signs that China was making progress in rebuilding its decimated hog herd, traders said. Strength in the cash market supported the front-month December contract, which rose 2.3 per cent and hit […] Read more
U.S. livestock: Lean hog futures climb to more than 10-month high
Live cattle lower on new lockdown concerns for beef demand
Chicago | Reuters — U.S. lean hog futures on Thursday soared to their highest prices in more than 10 months, as meat demand continued to strain processor capacity and COVID-19 cases are rising in the United States, traders said. Thursday’s daily U.S. hog slaughter was 490,000 head — 2,000 fewer than the same period last […] Read more
U.S. livestock: Lean hogs up on lower-than-expected inventory
CME live cattle follow cash cattle lower
Chicago | Reuters — U.S. lean hog futures climbed on Wednesday as traders grappled with mounting confusion on lower-than-expected slaughter rates, traders said. Wednesday’s daily U.S. hog slaughter was 489,000 head — or 2,000 fewer than the same period last year, according to data published by the U.S. Department of Agriculture. For the week to […] Read more
U.S. livestock: Futures slip on seasonal pressure
Slaughter backlogs remain a drag on live cattle
Chicago | Reuters — U.S. live cattle futures fell on Monday, pressured by a softening in seasonal demand and the continued impact from backlogs at slaughterhouses, traders said. Lean hogs also eased on profit taking, while feeder cattle also followed live cattle for a loss. CME October live cattle futures fell 1.525 cents, to 108.35 […] Read more
U.S. livestock: Hog futures hit highest since August 2019
U.S. beef export sales down on week
Chicago | Reuters — U.S. hog futures rose to their highest in more than a year on Thursday, as consumer demand for pork remained robust even as the weather turned cooler. The front-month hog contract has risen for seven days in a row. “The domestic demand is just on fire,” said Don Roose, analyst with […] Read more
U.S. livestock: Cash market strength boosts hog futures
Cash cattle values also boost live cattle
Chicago | Reuters — U.S. hog futures rose to their highest in more than a year on Tuesday, rallying to keep pace with recent gains in the cash market. The cash market strength stemmed from continued good demand even as the traditional U.S. grilling season draws to a close with the weather turning cooler. “There’s […] Read more
U.S. livestock: Cattle futures slip as feed grain prices soar
Firm cash prices support CME hogs
Chicago | Reuters — U.S. live cattle futures retreated on Wednesday after the December contract hit its highest price in more than a month, while feeder cattle futures slumped as prices surged for grain used as animal feed. The rally in U.S. grain futures prices hung over cattle markets because livestock producers will be more […] Read more
U.S. livestock: Cattle up on beef demand, cash market optimism
Chicago hogs down on profit-taking
Chicago | Reuters — U.S. live cattle futures rose on Tuesday, with the December contract reaching its highest in a month on signs of strong demand for beef and expectations of firm cash cattle trade this week, analysts said. Also, commodity funds appeared to be adjusting positions ahead of the end of the month and […] Read more
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